Daily Industry News Update (12 May 2022)

Bank Negara Malaysia hikes OPR rate by 25 basis points to 2%

GOING against the consensus, the Monetary Policy Committee (MPC) of Bank Negara Malaysia (BNM) has decided to increase the country’s overnight policy Rate (OPR) by 25 basis points to 2% from 1.75% –  the first adjustment since July 2020

Johor hopes smart city blueprint will help state realise aspiration by 2030

 The state government hopes the Johor Smart City 2030 Blueprint can empower the agenda in preparing all cities in the state to realise this aspiration by 2030.